Corrected: Surrealism, Botero in Latin America auction lineup

Mon Nov 15, 2010 4:26pm EST
 
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(Corrects days on which auctions start in second paragraph)

By Walker Simon

NEW YORK (Reuters Life!) - A voodoo-inspired Cuban work and a portrait of a bullfighting family by Colombian Fernando Botero top this week's Latin American art auctions at Sotheby's and Christie's in New York.

Christie's expects to see sales of up to $26 million at its auction that starts on Wednesday and Sotheby's is predicting as much as $27 million at its sale beginning on Tuesday, which would be their biggest since the spring 2008 before the financial crisis.

"There's a renovated confidence and energy in the market," said Christie's Latin American art chief Virgilio Garza.

He added that there could be a carryover from fall auctions which saw record-smashing prices for contemporary and post-war art.

The top lot at Sotheby's is Cuban surrealist Wifredo Lam's "Las Abalochas dansent pour Dhambala, dieu de l'unite."

Lam visited Haiti with Surrealism founder Andre Breton. The painting takes its name from Dhambala, a Haitian Creole word for a voodoo rainbow-serpent god, according to the auction catalog.

The 1970 work, which hung in Lam's studio, could fetch up to $2.25 million,   Continued...

 
<p>Family Scene by Fernando Botero is seen in a handout photo. REUTERS/Christie's/Handout</p>